FiveAI Raises $18 Million to Power Autonomous Cars on Busy Urban Streets

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Founded out of Bristol in 2015, FiveAI is leveraging artificial intelligence (AI) and machine learning to build the brains and navigation systems to power the autonomous cars of the future. The company had previously revealed that it’s working toward an AI-powered system that enables self-driving cars to navigate all kinds of environments using simpler maps than has traditionally been possible. Indeed, rather than leaning on a mass repository of data involving detailed 3D maps of the world’s roads, it says that its system will be able to create a map of the world in real time as vehicles move along.